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Jan 21, 2010
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did they spend only what america could afford? were they responsible with our pocketbook? after all the decade is over, madam president, i ask them: where is the $5.6 trillion surplus? it's nowhere to be found, madam president. republicans squandered our surplus by spending wildly on massive tax breaks for the wealthy and the special interests. they tried to place the blame on president obama, but the reality is that this president inherited a massive deficit of $1.3 trillion on the day that he took office last year. and now as we try to clean up the mess that we've inherited, our republican friends are trying to pass the buck. they seem to be more interested in scoring political points than making sound policy. who's going to be hurt if we don't extend this debt? we're all going to be hurt. it's not going to be democrats that are hurt. it's going to be republicans and every american is going to be hurt. mr. president, we need to raise the debt limit so that america can avoid the economic catastrophe that would be created if the united states defaulted on our debt. if we f
did they spend only what america could afford? were they responsible with our pocketbook? after all the decade is over, madam president, i ask them: where is the $5.6 trillion surplus? it's nowhere to be found, madam president. republicans squandered our surplus by spending wildly on massive tax breaks for the wealthy and the special interests. they tried to place the blame on president obama, but the reality is that this president inherited a massive deficit of $1.3 trillion on the day that he...
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Jan 11, 2010
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it's in america's national security interests to do so. i want to close with the story of one woman whose life was transformed by the work that the people in this room do every single day. carolyn detina is a young woman from the democratic republic of congo who for years endured the shame and ostracism caused by obstetric fistula. eventually, she found her way to a clinic supported by the u.n. population fund, and she finally received the surgery, care and emotional support she needed to heal. then she started speaking out about her experience to fight the stigma and to let other women know that even in isolated places treatment is possible. her message has traveled the world. two years ago she came to washington and urged members of congress to support maternal the health programs worldwide. and today the united states is proud once again to support the work of the u.n. population fund. but one advocate, even one with such passion and commitment, can only do so much. every woman everywhere deserves high quality care, not only at her most
it's in america's national security interests to do so. i want to close with the story of one woman whose life was transformed by the work that the people in this room do every single day. carolyn detina is a young woman from the democratic republic of congo who for years endured the shame and ostracism caused by obstetric fistula. eventually, she found her way to a clinic supported by the u.n. population fund, and she finally received the surgery, care and emotional support she needed to heal....
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Jan 7, 2010
01/10
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pakistanis have come to the conclusion america is not a reliable ally, because america has not been a reliable ally. what america needs to do with pakistan is a policy of constancy, of cajoling, of pressuring, supporting, helping, of correcting, of screaming at, engagement. at all times and at all levels. bearing in mind that we should always keep the civilian government at the top of the agenda of who we deal with. the stakes in afghanistan and pakistan today are enormous. they're for must not just in south asia, but they're for must for americans. this is the place from which the attack of september 11 was planned and coordinated. recent event have underscored the risk we continue to run. they may have been orchestrated in yemen this time, but the head of the snake, as far as we know, remains in pakistan and afghanistan. but the stakes are also enormous for this president. wars consume presidencies. this is now america's longest war. and it is bound to consume this presidency as well. the president's advisers, many of them, particularly those who worry about domestic issues and heal
pakistanis have come to the conclusion america is not a reliable ally, because america has not been a reliable ally. what america needs to do with pakistan is a policy of constancy, of cajoling, of pressuring, supporting, helping, of correcting, of screaming at, engagement. at all times and at all levels. bearing in mind that we should always keep the civilian government at the top of the agenda of who we deal with. the stakes in afghanistan and pakistan today are enormous. they're for must not...
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Jan 21, 2010
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and america could be next." madam president, here's what the article went on to say: "this is how empires decline. it begins with a debt explosion. it ends with an inexorable reduction in the resources available for the army, navy and air force. if the united states doesn't come up soon with a credible plan to restore the federal budget to balance over the next five to ten years, the danger is very real that a debt crisis could lead to a major weakening of american power." madam president, the process has already begun. as i indicated, in the previous administration the debt doubled. foreign holdings of u.s. debt more than doubled. and we can see the track that we're on. from 2001, the beginning of the bush administration, the debt skyrocketed, and it continues to grow with the economic downturn and the projections from the congressional budget office for the future. in fact, we now estimate that the gross debt of the united states could reach 114% of the gross domestic product of the united states. that has onl
and america could be next." madam president, here's what the article went on to say: "this is how empires decline. it begins with a debt explosion. it ends with an inexorable reduction in the resources available for the army, navy and air force. if the united states doesn't come up soon with a credible plan to restore the federal budget to balance over the next five to ten years, the danger is very real that a debt crisis could lead to a major weakening of american power." madam...
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Jan 12, 2010
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it is part of america's destiny. i thank the chair, and i apologize to the audience and to the witnesses. >> thanks very much, senator rockefeller. your position as chairman of this committee is one that gives us encouragement that we can achieve this goal of ours of having a more important rail leg to our transportation system. we thank you very much for your encouragement. senator hutchison. >> thank you, mr. chairman. i am very pleased to be at this hearing and also to have the opportunity to have a texas presence at the hearing because you and i, mr. chairman, have worked for a long time on amtrak. i would say that we have had a very productive partnership in keeping the national part of amtrak also viable. i think that is essential. now that we are beginning to a see the possibilities for high-speed rail i think that it becomes even more important to have the national part of the system also have the opportunity for high-speed rail to connect into amtrak and therefore provide really better synergism and ridershi
it is part of america's destiny. i thank the chair, and i apologize to the audience and to the witnesses. >> thanks very much, senator rockefeller. your position as chairman of this committee is one that gives us encouragement that we can achieve this goal of ours of having a more important rail leg to our transportation system. we thank you very much for your encouragement. senator hutchison. >> thank you, mr. chairman. i am very pleased to be at this hearing and also to have the...
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Jan 8, 2010
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so there are challenges associated with latin america. certainly the emergence of china and what does that mean and the economic and i pay a lot of attention to the economic end, whether it's china, india, europe or us or brazil, and what does that mean in the future, because i think in the long run, it's going to be those engines that really drive out, and so it's important that we pay a lot of attention to what's going on in other parts of the world. we stood up last, i guess about a year and a half ago now, for the sole purpose of being able to focus our engagement strategy from the military perspective on africa, which is a wonderful continent of great resources, wonderful people, and huge challenges, whether it's famine or disease, and i think the world needs to be engaged there, so -- and then as i look to the rest of the world, i also try to keep my head up and look to what is the united states military look like after these two wars. and i always worry about fighting the last war and for where we're going, you know, these will be
so there are challenges associated with latin america. certainly the emergence of china and what does that mean and the economic and i pay a lot of attention to the economic end, whether it's china, india, europe or us or brazil, and what does that mean in the future, because i think in the long run, it's going to be those engines that really drive out, and so it's important that we pay a lot of attention to what's going on in other parts of the world. we stood up last, i guess about a year and...
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Jan 11, 2010
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go beyond the velvet ropes of public tours at the white house, america's most famous home. and explore the history, art, and architecture of the capital. american icons, a three disc set. it's $24.95 plus shipping and handling. one of the many items available at c-span.org/store. >> kentucky governor steve beshear delivers his address. he took office a year ago and speaks about budget problems as well as an initiative to reduce smoking in this tobacco producing commonwealth. from the capitol in frankfort, kentucky, this is about 35 minutes. >> mr. president, mr. speaker, distinguished members of the kentucky general assembly, lieutenant governor bedard, let me pass here to offer the congratulations of this whole chamber as well as jane and myself to the majority on the birth of their new daughter, kathryn allison. [applause] are other constitutional officers, honorable members of the court of justice. honored guests including kentucky's first lady and my fellow kentuckians. i stand here as your governor to report once again on the state of our commonwealth and they do so fe
go beyond the velvet ropes of public tours at the white house, america's most famous home. and explore the history, art, and architecture of the capital. american icons, a three disc set. it's $24.95 plus shipping and handling. one of the many items available at c-span.org/store. >> kentucky governor steve beshear delivers his address. he took office a year ago and speaks about budget problems as well as an initiative to reduce smoking in this tobacco producing commonwealth. from the...
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Jan 20, 2010
01/10
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as mark stein writes sweden can be sweden because america is america. if we become more like europe, if entitlement programs begin to swallow our whole budget, will we still be able to afford the burdens of global military leadership? i submit that military decline is not an option for the united states. as former secretary of state madeleine albright put it, we are the indispensable nation. that's what american exceptionalism means. it means that because of our unique history, our unique power and the unique appeal of our founding principles, america plays a very special role in global affairs. i fear that many of the policies adopted over the past year will make it harder for america to continue playing this special role. and i hope that during the year ahead the administration will pursue a more sensible and responsible course, as the american people have said time and time again that they want it to do. mr. president, i yield the floor. mr. burris: the presiding officer: the senator from illinois is recognized. mr. burris:are we in morning business?
as mark stein writes sweden can be sweden because america is america. if we become more like europe, if entitlement programs begin to swallow our whole budget, will we still be able to afford the burdens of global military leadership? i submit that military decline is not an option for the united states. as former secretary of state madeleine albright put it, we are the indispensable nation. that's what american exceptionalism means. it means that because of our unique history, our unique power...
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Jan 26, 2010
01/10
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america's credit card has a $12 trillion limit. and, incredibly, and this is internal and external debt, we've maxed it out again. and it should be a dramatic thing to boost that debt limit. but interestingly it's become routine. so this will be the seventh time we've done so in five years and it's troubling americans. the public is rightly angry with the washington's cavalier attitude toward spending. they know that buy now, pay later catches up with you eventually. they know nothing comes from nothing. the american people know what stanford university economist michael boskon wrote in "the wall street journal," is true. he wrote -- quote -- "the explosion of spending of deficit and debts projects higher taxes on work, savings, investment and employment. that will not only damage our economic future, but it's harming jobs and growth now. close quote. the american people know that taxes are going to go up. in fact, confirmed by david walker, former comptroller general and g.a.o. head. he testified recently that taxes would need to
america's credit card has a $12 trillion limit. and, incredibly, and this is internal and external debt, we've maxed it out again. and it should be a dramatic thing to boost that debt limit. but interestingly it's become routine. so this will be the seventh time we've done so in five years and it's troubling americans. the public is rightly angry with the washington's cavalier attitude toward spending. they know that buy now, pay later catches up with you eventually. they know nothing comes...
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Jan 4, 2010
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go beyond the velvet ropes of public tours of the white house, america's most famous home. and explore the history, art and architecture of the capitol. american icons, a three-disk dvd set. it's $24.95 plus shipping and handling. one of the many items available at c-span.org/store. prime minister gordon brown has been absent for the holiday break. he returns wednesday at 7:00 am eastern. we'll have that for you live right here on c-span2. 2009 marked the 20th year of televising the house of commons. up next, a look at the past two decades. this is about an hour, 15 minutes. >> on november 21st, 1989, the british house of commons opened its doors to television cameras and broadcast its proceedings. up next, we'll look at some of the debate from the day and hear how televising the house of commons made an impact on the public's view of the british parliament for 20 years. >> order. the question is, that all members who are returned for two or more places in any part of the united kingdom to make their election for which of the places they will serve within one week after it
go beyond the velvet ropes of public tours of the white house, america's most famous home. and explore the history, art and architecture of the capitol. american icons, a three-disk dvd set. it's $24.95 plus shipping and handling. one of the many items available at c-span.org/store. prime minister gordon brown has been absent for the holiday break. he returns wednesday at 7:00 am eastern. we'll have that for you live right here on c-span2. 2009 marked the 20th year of televising the house of...
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Jan 14, 2010
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because of course they cover all of north america. and if there's something in their files, and studies have been done, that might give us a sense of the dimensions of this. we very much appreciate it. i would like to give you each the opportunity to tell me, if there's anything you know of, or anything that you think any place you think we should go to find this information. please tell us now. we will be asking you, as the chairman and others have suggested, we will be asking you in writing for this material. so you'll have a chance to go back to your offices and think about it, but if there's anything you could think about it would would be very helpful. >> let me direct the commissioners, as well as your staff, there is a gao report that came out on july 28, 2009, regarding the characteristics and performance of nonprime mortgages. and there's a lot of information that i think would be very useful to the commission enclosed in there. it may not cover, however, you pay option arms, which are categorized as prime mortgages which a
because of course they cover all of north america. and if there's something in their files, and studies have been done, that might give us a sense of the dimensions of this. we very much appreciate it. i would like to give you each the opportunity to tell me, if there's anything you know of, or anything that you think any place you think we should go to find this information. please tell us now. we will be asking you, as the chairman and others have suggested, we will be asking you in writing...
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Jan 13, 2010
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citigroup, bank of america, j.p. morgan for answers required and expand their operations into new fields. concentration created institutions to big to fail. government regulation in terms of oversight and coherence did not keep pace with innovation, leverage and the expanded scope of the banks. three, access to new capital permitted the banks and security firms to shift the nature of the business away from agency transactions and towards more proprietary trading, that took positions in marketable and less liquid securities and assets such as commercial real estate. combine with greater leverage, earnings volatility increased. forth, scale, scope and innovation created an interdependency most noticeable and credit default swaps, disproportionate to the equity capital of all banks. management misjudged their capabilities and the capabilities of their elaborate risk management systems like the aor, to keep their institutions solvent. even for insiders and those institutions, transparency diminished so much that firms we
citigroup, bank of america, j.p. morgan for answers required and expand their operations into new fields. concentration created institutions to big to fail. government regulation in terms of oversight and coherence did not keep pace with innovation, leverage and the expanded scope of the banks. three, access to new capital permitted the banks and security firms to shift the nature of the business away from agency transactions and towards more proprietary trading, that took positions in...
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Jan 21, 2010
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this is about the future of america. this is about jobs in america, and there's lots of debates that we could have. but, my goodness, talking about picking a battle over a scientific fact, that's what my colleague is doing. now, she says she's standing with the american people. well, let me tell you a few of the american people who strongly oppose what she is doing. the american public health association, they say "we strongly urge you to oppose any resolution that would repeal the public health findings." the association of public health laboratories, the national association of county and city health officials, the national environmental health association, the the physicians for social responsibility, the trust for america's health, the center for december control who under -- for disease control who under the administration of george w. bush started the scientific work that led to this endangerment finding. 90% of the work on this endangerment finding was done by the bush administration. this is such a radical amendm
this is about the future of america. this is about jobs in america, and there's lots of debates that we could have. but, my goodness, talking about picking a battle over a scientific fact, that's what my colleague is doing. now, she says she's standing with the american people. well, let me tell you a few of the american people who strongly oppose what she is doing. the american public health association, they say "we strongly urge you to oppose any resolution that would repeal the public...
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Jan 5, 2010
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but even two out of the nine won't be representative of america. but it will be more than there is now. when a new justice comes on to the court, a journalist wants to know how will they be as an individual. what will their personality, how will he/she decide the law? but then what will that individual do to the other eight? will she end up being someone who other justices play off of. will she play off of some of those existing justices? you know, new justice sotomayor happens to be from the bronx. we have a couple other new yorker out there who can give it pretty strong, lit toe is from trenton, and you wonder if there's going to be mixing it up. >> it is in this room, as they begin the process, reaching the decision of the court. >> they go around after the order. after the chief justice has set up the case. this is what we're going to decide. here's the question. and then they start casting votes. starting with the chief justice. and then once every justice has been able to speech, they might have some give and take among the others. that's wha
but even two out of the nine won't be representative of america. but it will be more than there is now. when a new justice comes on to the court, a journalist wants to know how will they be as an individual. what will their personality, how will he/she decide the law? but then what will that individual do to the other eight? will she end up being someone who other justices play off of. will she play off of some of those existing justices? you know, new justice sotomayor happens to be from the...
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Jan 12, 2010
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it latin america. it isn't just east asia, and south asia as well as latin america. and even in emerging europe, eastern europe, there is a stronger economy showing some signs such as pro bowl. third thought or and i think this is to a great extent but a very important point not to lose sight of is the turnaround that's liable to happen in the sect there. one way of thinking about the downturn of 2009 is we had corporate adjusting very aggressively. and in so doing determine the financial position from one of modest net borrowers to one of substantial financial surplus. now maybe that financial surplus edition will remain for the next six months, nine months. but my suspicion is that it will increasingly turn into a little more corporate act diggity and corporate optimism, whether it's on the capital spending side or the employment side here at and that takes me to my fourth and final point which is that i think were going to get a turn in the global employment picture. desmond used the high level of unemployment in the u.s. and the weak labor market as a reason for
it latin america. it isn't just east asia, and south asia as well as latin america. and even in emerging europe, eastern europe, there is a stronger economy showing some signs such as pro bowl. third thought or and i think this is to a great extent but a very important point not to lose sight of is the turnaround that's liable to happen in the sect there. one way of thinking about the downturn of 2009 is we had corporate adjusting very aggressively. and in so doing determine the financial...
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Jan 6, 2010
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we all as citizens of the united states of america, united states of america, need to be vigilant. we need to pay attention to what's going on around us. we need to watch, and listen. >> host: mr. lipton, let's begin with air marshals not allowed on airplanes overseas. >> guest: air marshals are allowed and routinely do fly on, i think if i'm correct that they generally on american, you know, carriers. that may be only limitation. it is up to foreign governments to provide security on foreign carriers, i think. i'm not sure about because they don't speak publicly very much about their operations but air marshals are very much on flights coming to the u.s. from overseas. they recognize that is perhaps, a more severe threat right now, incoming flights and there is a lot of could have. not on every flight. but a lot more than they were right before christmas, i can tell you that. and there are, i don't know, since situations where foreign governments said, i'm sorry, you can't put an air marshal on the flight leaving our country. the u.s. does have the authority to say to a carrier, y
we all as citizens of the united states of america, united states of america, need to be vigilant. we need to pay attention to what's going on around us. we need to watch, and listen. >> host: mr. lipton, let's begin with air marshals not allowed on airplanes overseas. >> guest: air marshals are allowed and routinely do fly on, i think if i'm correct that they generally on american, you know, carriers. that may be only limitation. it is up to foreign governments to provide security...
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Jan 6, 2010
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in china, chinese banks have come to the floor in making loans to europe and even america industry. and technology. secondly, china with its specific policies in the international systemç has a bac goal of maintaining stability of around its borders. does this mean -- what is the unification mean in terms of the assumption that china will add to maintain stability? with regard to either explosion or involution as you had referred to. in the third, what is the affect of the american and japanese government policies visavie corporate influences on our government's? from the private sector and china's influence on those be at its economic transactions in terms of the other forms of support. thank you. >> another couple of tough questions. this is actually in terms of assessing china of roles, china's potential role acidification unfolds is something we can only speculate about and i have to confess that the more i think about it of not sure the answer is clear. and i totally agree with you that china's overwhelming stability has been so generous if north korea economically because th
in china, chinese banks have come to the floor in making loans to europe and even america industry. and technology. secondly, china with its specific policies in the international systemç has a bac goal of maintaining stability of around its borders. does this mean -- what is the unification mean in terms of the assumption that china will add to maintain stability? with regard to either explosion or involution as you had referred to. in the third, what is the affect of the american and...